It adds 73m youths are looking for work worldwide, warning a “scarred generation” faces a “dangerous mix of high unemployment, increased inactivity and precarious work in developed countries” and “persistently high working poverty” in the developing world.

In Europe, around half of those out of work (aged 15-74) are long-term unemployed, according to Eurostat. In Greece 73.5 percent of those seeking a job have been out of work for more than 12 months.